FNY Investment Advisers LLC Makes New Investment in SES AI Corporation $SES

FNY Investment Advisers LLC bought a new position in shares of SES AI Corporation (NYSE:SES) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 73,225 shares of the company’s stock, valued at approximately $65,000.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC bought a new position in shares of SES AI during the 1st quarter valued at about $26,000. CWM LLC lifted its holdings in shares of SES AI by 1,427.9% during the 1st quarter. CWM LLC now owns 55,462 shares of the company’s stock valued at $29,000 after purchasing an additional 51,832 shares in the last quarter. Voya Investment Management LLC bought a new position in shares of SES AI during the 1st quarter valued at about $31,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of SES AI by 136.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 38,006 shares of the company’s stock valued at $34,000 after purchasing an additional 21,934 shares in the last quarter. Finally, Callan Family Office LLC bought a new position in shares of SES AI during the 2nd quarter valued at about $38,000. Institutional investors own 29.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.00.

SES AI Stock Performance

Shares of SES AI stock opened at $2.40 on Friday. The business’s 50 day simple moving average is $1.80 and its 200 day simple moving average is $1.23. SES AI Corporation has a 52-week low of $0.20 and a 52-week high of $3.73. The firm has a market cap of $879.19 million, a PE ratio of -7.75 and a beta of 0.50.

SES AI (NYSE:SES) last announced its earnings results on Monday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $3.53 million during the quarter, compared to analyst estimates of $4.33 million. SES AI has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that SES AI Corporation will post -0.23 EPS for the current year.

About SES AI

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.